Business News
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India needs $1.5T by 2030 for climate, energy goals: Report
India will need an investment of around $1.5 trillion by 2030 to meet its climate change and energy transition goals, a new report by Deloitte has said.
Netflix reports $11B revenue and $3.1B profit in Q2 2025
Netflix reported a strong Q2 2025 performance, with revenue rising to $11.08 billion, a 16% increase year‑over‑year, and net income soaring to $3.1 billion—marking a 46% jump YoY.
Musk's $9B Neuralink classified itself as a 'small disadvantaged business'
Elon Musk's health tech company, Neuralink, had classified itself as a "small disadvantaged business" in a federal filing with the US Small Business Administration (SBA).
Anthem Biosciences IPO: Shares to list today, strong debut expected
The shares of Bengaluru-based Anthem Biosciences Ltd (ABL) will be listed on the stock exchanges today. The company has set its issue price at ₹570 per share after a successful initial public offering (IPO).
Mark Zuckerberg and Meta shareholders settle $8B Facebook privacy lawsuit
Mark Zuckerberg and other current and former executives of Meta Platforms have settled an $8 billion lawsuit.
Need ₹5,000 fast? Fintechs now offer instant loans via Aadhaar
Fintech lenders and non-banking financial companies (NBFCs) have made personal loans easier to get in recent years.
Samsung-BOE dispute: Could China-made iPhones be banned in the US?
The US International Trade Commission (ITC) has issued a preliminary ruling recommending a ban on BOE smartphone displays, including those used in some iPhone models.
After Karnataka, more states seek merchant data from UPI apps
Following Karnataka, four other Indian states, Andhra Pradesh, Uttar Pradesh, Tamil Nadu, and Gujarat, have sought annual turnover data from Unified Payments Interface (UPI) apps and payment aggregators.
Can Trump fire Fed Chair Jerome Powell? Experts weigh in
US President Donald Trump has been vocal in his criticism of Federal Reserve Chair Jerome Powell, especially over a $2.5 billion renovation project and the Fed's decision not to lower interest rates further.
India's iPhone exports surge 53%, led by US demand
India's iPhone exports have witnessed a whopping 53% year-on-year (YoY) growth in the first half of 2025, according to data from Canalys.
Zepto co-founders top Hurun India's under-30 list of young entrepreneurs
Kaivalya Vohra and Aadit Palicha, the 22-year-old co-founders of Zepto, have topped the inaugural edition of Avendus Wealth Hurun India's Uth Series 2025 - Under-30 list.
Mark Zuckerberg faces $8B trial over Facebook data misuse
An $8 billion trial has begun against Mark Zuckerberg and other current and former leaders of Meta, initiated by the company's shareholders.
Meta's AI talent acquisition spree: Zuckerberg calls $200M/yr figures 'inaccurate'
Meta CEO Mark Zuckerberg has addressed recent reports claiming that the company is offering pay packages of $100-200 million to recruit artificial intelligence (AI) talent from competitors.
Trump's trade deal with Indonesia includes big order for Boeing
After the Lion Air crash in 2018, Indonesian flag carrier Garuda Indonesia had tried to cancel its remaining orders for Boeing 737 MAX aircraft.
DLF launching 1st-ever residential project in Mumbai after a decade
DLF, one of India's leading real estate developers, is making a comeback in the Mumbai Metropolitan Region after over a decade.
Samsung chair cleared of fraud by South Korea's apex court
The Supreme Court of South Korea has acquitted Lee Jae-yong, the de facto head of Samsung Group, in a fraud case stemming from a 2015 merger deal.
RBI issues new rules to curb prepayment charges on loans
The Reserve Bank of India (RBI) has announced a new set of guidelines regarding the imposition of prepayment charges on floating rate loans and advances.
Anthem Biosciences IPO sees 64x subscription amid soaring investor interest
Anthem Biosciences Ltd's ₹3,395 crore initial public offering (IPO) was subscribed 63.86 times at close, thanks to robust interest from qualified institutional buyers (QIBs).
Trump says Coca-Cola is changing its key ingredient in US
US President Donald Trump has announced that Coca-Cola has agreed to consider switching to real cane sugar for its drinks sold in the country.
Sunil Mittal receives honorary doctorate from a UK institution
Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, has been awarded an Honorary Doctorate in Business Administration by the University of Bath in the UK.
Amazon wins lawsuit over ads on Prime Video
Amazon has won a legal battle against its Prime Video subscribers over the introduction of advertisements on the streaming service.
Tata Neu is offering cardholders free access to Spotify Premium
In a major move, Tata Digital has partnered with Spotify to offer four months of free Spotify Premium to holders of the Tata Neu HDFC Bank Credit Card.
Reliance Infra, Reliance Power to raise ₹9,000cr each
Reliance Infrastructure and Reliance Power, both part of the Reliance Group, have announced plans to raise up to ₹9,000 crore each.
Bharti Airtel to hold 30th annual meeting on August 8
Telecom giant Bharti Airtel has announced the date for its 30th Annual General Meeting (AGM).
Intel to lay off 5,000 employees as chip demand declines
Intel has announced plans to lay off around 5,000 employees as part of its cost-cutting strategy.
Scale AI lays off 14% staff after Meta's $14B investment
Scale AI, a leading player in the artificial intelligence (AI) data industry, has announced major layoffs. The company is letting go of some 200 employees or nearly 14% of its workforce.
Goldman Sachs reports $3.7B profit in Q2, beats analyst expectations
Goldman Sachs has reported a massive profit of $3.72 billion for the second quarter of 2025, beating analyst expectations.
GCCs of Fortune-500 companies increasing in India: Why it matters
India is increasingly becoming a hub for Global Capability Centers (GCCs) of Fortune 500 companies, according to a report by consulting firm ANSR.
SoftBank-backed travel platform Klook might raise $500M via IPO
Klook, a leading travel and leisure booking platform, is said to be considering an initial public offering (IPO) in the United States.
After ₹52cr flat, Deepinder Goyal buys a private jet
LAT Aviation, a company backed by Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet.
EPFO mulling change in withdrawal rules: How it affects you
The Employees' Provident Fund Organisation (EPFO) is mulling a major change in its withdrawal rules.
Around 2.2L temporary jobs to be created this festive season
India's festive season is likely to create over 216,000 temporary jobs between July and December this year, according to staffing company Adecco India.
How to switch your FASTag account to a different bank
FASTag, the electronic toll collection system, has been compulsory for all four-wheelers in India since 2021.
Tech Mahindra's Q1 net profit soars 34% to ₹1,141 crore
Tech Mahindra has posted a stellar performance for the first quarter of FY26, with its net profit soaring 34% year-on-year.
Anthem Biosciences IPO sees 10x demand, GMP soars to 28%
The initial public offering (IPO) of Bengaluru-based Anthem Biosciences has witnessed robust investor interest. The subscription period for the IPO will end today.
SBI shares are up 2% today: What's the reason?
Shares of the State Bank of India (SBI) rose by over 2% during intraday trading today.
JioBlackRock gets SEBI approval for 4 new mutual funds
JioBlackRock, a joint venture between Reliance Industries's Jio Financial Services and US-based asset management firm BlackRock, has received SEBI's approval to launch four new index funds.
5 IIT Indore students bag ₹1cr offers in landmark year
The Indian Institute of Technology (IIT) Indore has witnessed a stellar placement season for the year 2024, with five students bagging annual salary packages of over ₹1 crore.
Here's how much Microsoft pays its AI engineers
Microsoft is paying its artificial intelligence (AI) employees, especially those working on Copilot and generative AI initiatives, some jaw-dropping salaries.
Paytm shares hit 6-month high today: Here we decode why
Paytm's parent company, One 97 Communications, has seen its shares surge by nearly 3% today.